Exchange rate determination for exports: notified conversion rates govern valuation and conversion for export goods. The Central Government, under the powers of sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962, supersedes Notification No. 34/97-NT-Customs and determines, insofar as these relate to export goods, the rate of exchange for each foreign currency listed in Schedule I and Schedule II, such rates to be effective from the commencement date stated and set out against each currency in the schedules.
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Exchange rate determination for exports: notified conversion rates govern valuation and conversion for export goods.
The Central Government, under the powers of sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962, supersedes Notification No. 34/97-NT-Customs and determines, insofar as these relate to export goods, the rate of exchange for each foreign currency listed in Schedule I and Schedule II, such rates to be effective from the commencement date stated and set out against each currency in the schedules.
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